302 Maryland Avenue, Crisfield, MD
Retail for Sale - $495,000 - 7,000 Sq. Ft. on 1.58 acres
Property Info
| CIMLS# | 971033 |
| Location 302 Maryland Avenue Crisfield MD 21817 | |
| Updated | February 11th, 2019 |
| Type | Retail |
| Price | $495,000 |
| Building | 7,000 Sq. Ft. |
| Land | 1.58 acres |
Property Description
Investment opportunity in Crisfield, Maryland. 9.39% cap rate. Currently in the 3rd of six options with 5 years each. 7% rent increase at each option.
Location Description:
Located on Maryland Ave (Rt. 413) which is the main road from US Route 13 to Crisifeld, Maryland. The waterside community of Crisfield is located in Somerset County, MD and is the southernmost town in Maryland. Located on the Eastern Shore of the Chesapeake Bay, Crisfield is famous for its seafood - especially the Maryland blue crab - its Watermen, wildlife, natural beauty, simple lifestyle and strong sense of community.
Highlights:
>> LEASED FAMILY DOLLAR - 9.39% CAP RATE
>> CURRENT RENT IS $51,360/YEAR
>> INCLUDES ADD'L 0.57 ACRE LOT
>> LOCATED NEXT TO THE BRAND NEW 12,000 SQ.FT. SOMERSET COUNTY PUBLIC LIBRARY
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